Lumiq Raises USD5.5M in Series A Funding

Lumiq, a Information and Analytics firm, raised USD 5.5m in Sequence A funding.

The spherical was led by Information Edge Ventures with participation from Season Two Ventures and RedStart Labs.

The corporate intends to make use of the funds to additional develop its presence in worldwide markets – US and SEA, and strengthen their FSI-focused product line.

Led by CEO Shoaib Mohammad, Lumiq is a Information and Analytics firm with confirmed credentials within the Indian FSI house driving large-scale knowledge transformation initiatives for among the largest monetary enterprises throughout banking, insurance coverage, NBFCs, AMCs in India. The corporate has developed knowledge stack merchandise and AI ML options – throughout DataOps, E2E Observability, ML Danger Governance, Self-service analytics – for the FSI house. Its flagship product – empOWER FSI Information Platform – permits monetary enterprises to handle, leverage, and monetize their knowledge seamlessly.

The corporate has raised a complete of $7.5m so far together with a $2m seed spherical led by Information Edge Ventures in August final yr. Since 2020, Lumiq has grown 2X YoY lately doubling in headcount to ~350 knowledge professionals, with new places of work in Noida, Chennai, Pune, and New Jersey.

Shishir Gupta, The Founder & CEO of StartupLanes said,

Lumiq Raises USD5.5M in Series A Funding. May this new business bring you huge success and fulfillment.

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